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2024 data HMDA 2024 disclosure official source

Howard County

341 mortgage applications, 20.5% denial rate. Verify FIPS 05061 with U.S. Census Bureau →

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Arkansas · FIPS 05061

Local mortgage market. Howard County, Arkansas saw 341 HMDA-reported mortgage applications in 2024. Lenders originated 136 of those loans and denied 70, producing a denial rate of 20.5% and an approval (origination) rate of 39.9%. The average loan amount was $135,616 at an average note rate of 7.37%, with applicants self-reporting average annual income of $34K. 37 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.0x, meaning typical borrowers took on mortgages of about 4.0 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool.

FIPS 05061 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

341
Applications
136
Originated
20.5%
Denial Rate
39.9%
Approval Rate
$135,616
Avg Loan Amount
7.37%
Avg Interest Rate
$34K
Avg Applicant Income
4.0x
Loan-to-Income Ratio

Nearby Lenders in Howard County

Top HMDA-reporting lenders active in this county. Compare any two side-by-side for rates, denial rates, and loan mix.

# Lender Originated Market Share
1 Diamond Bank 30 22.1%
2 Horatio State Bank 11 8.1%
3 Highlands Residential Mortgage, Ltd. 8 5.9%
4 Farmers Bank & Trust 8 5.9%
5 Red River Employees FCU 8 5.9%
Compare Diamond Bank vs Horatio State Bank →

Frequently Asked Questions

How many mortgage applications were filed in Howard County?
In the 2024 HMDA reporting year, 341 mortgage applications were filed in Howard County, Arkansas. Of these, 136 were originated (approved and funded), while 70 were denied, resulting in a denial rate of 20.5%.
What is the mortgage denial rate in Howard County?
The mortgage denial rate in Howard County is 20.5%. The approval (origination) rate is 39.9%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Howard County?
The average mortgage loan amount in Howard County is $135,616. The average interest rate is 7.366%. The average applicant income is $34K.
What is the loan-to-income ratio in Howard County?
The average loan-to-income ratio in Howard County is 4.0x, meaning borrowers took on loans averaging 4.0 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Howard County?
The top mortgage lenders in Howard County by origination volume are Diamond Bank, Horatio State Bank, Highlands Residential Mortgage, Ltd.. In total, 37 lenders reported mortgage activity in this county.
Where does this mortgage data come from?
This data comes from the CFPB HMDA 2024 Snapshot National Loan-Level Dataset, a mandatory federal disclosure dataset covering all mortgage applications filed with HMDA-reporting institutions. County boundaries are identified by FIPS codes.

Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.

Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.